molly has more now from washington. >> harris, republicans say the president is moving in the, quote, wrong direction, in his plan for a new budget. today in his weekly radio and internet address, president obama says, while it might not be ideal, it is a fiscally responsible blue print. the president will unveil the details on wednesday, but it's expected that the budget will include more tax hikes on the wealthy and some middle class families, and as an olive branch to republicans concerned about government spending on entitlement programs, a cut in the future cost of living increases for social security and other benefit programs. >> it's a compromise i'm willing to accept in order to move beyond a cycle of short-term crisis driven decision making, and focus on growing the economy and middle class for the long run. it includes many ideas republicans have said they could accept as well. it's a way we can make progress together. >> republican house speaker john boehner seen here last november with the president, said the president's budget appeared to have only, quote, modest entitle